August 2021 | The platform market in the area of tokenised assets has been very heterogeneous so far. For issuers and investors in particular, it is often difficult to distinguish which STO platform is suitable for their purposes. This is because the individual components often take place on different platforms. These include the technical part of tokenisation, the subscription process, trading and distribution. They are merely linked together. Anyone who is not deeply familiar with the processes of tokenised capital market issues can easily lose track of them.
A state of affairs that we will now change: With our new, own STO platform on, which integrates all processes around the legally compliant issuance, administration and custody of digital securities. “We are thus covering the entire STO value chain from a single source, bringing together investors, issuers and distributors on one platform in a transparent and user-friendly manner,” says Patrick Schütze, founder and CEO of neoFIN Hamburg GmbH. The focus is on tokenised tangible assets with a sustainable character.
Partnership with Cashlink and Tangany
For the technical implementation, we are entering into partnerships with leading infrastructure providers. Cashlink Technologies GmbH, Frankfurt, will develop an individualised form of its tokenisation and platform software with its own subscription route for neoFIN. “Blockchain technology will permanently change and digitise the capital market. A perfect use-case is offered by traditional capital investments, specifically to digitise access to traditional tangible assets and offer investors more liquid assets. We are delighted to be able to combine our technology with neoFIN’s many years of market expertise,” explains Cashlink Managing Director Michael Duttlinger.
The complete area of secure custody of digital securities will be taken over by the Munich-based FinTech Tangany. The regulated crypto custodian already manages a total volume worth more than 400 million euros. This includes the wallets of the investors in the first neoFIN-STO for the Hamburg shipping company Vogemann. “After the already successful cooperation on the Green Ship Token, we are ready for an even more comprehensive joint level,” says Martin Kreitmair, Managing Director of Tangany.
Integrated STO platform bundles benefits for all target groups
“On our own STO platform, we bring together issuers, investors and distributors. This is how we create lasting win-win situations,” says Patrick Schütze, who as a sales expert always pays attention to the interaction of all three target groups. “Companies seeking capital meet already registered investors here at the very beginning of their financing. These in turn bring a high affinity for tokenised capital investments with them and can build up and manage their portfolio of digital securities here. With our sustainable tangible assets, we address private and institutional investors such as family offices in equal measure. Sales partners can easily use the platform to acquire and maintain customers. They also benefit from the onboarding of new partners in an automated, digital process.”
After the simple digital subscription, the digital securities are delivered to a wallet provided by Tangany. The digital securities are created via a smart contract in a decentralised securities registry in a tamper-proof and transparent manner. Polygon and Ethereum, among others, are used for this purpose. After the primary market issue has been carried out, digital securities can be transferred at any time. Investors can then track the performance and receive reports from the issuer via the neoFIN portal.
The launch of the new platform will take place in the fourth quarter of this year at the latest. In the pipeline, for example, are tokenised securities issues in the field of renewable energies.
Cashlink Technologies is one of the leading software companies for tokenisation solutions and offers all the tools, licences and services for the blockchain-based capital market 2.0. Cashlink’s end-to-end software-as-a-service solution provides financial industry players with all the building blocks, services and licences they need to issue, settle and trade tokenised securities. Through its involvement as a founding member of the International Token Standardization Association (“ITSA”), the European forum “International Association for Trusted Blockchain Applications” (“INATBA”) as well as the Hessian regional group of the national German Blockchain Association, Cashlink actively promotes and shapes the future of blockchain-driven capital markets. Cashlink is the winner of the FinTech Germany Award 2020 in the Blockchain category and receives support from renowned investors such as the listed VC Finlab AG and the Maschmeyer Group. www.cashlink.de
Tangany is a regulated white-label custodian for digital assets such as Bitcoin, Ethereum and Security Tokens. Since 2018, the Tangany Custody Suite is developed on the highest technical level and combined with German regulation (crypto custody licence according to the German Banking Act). In addition to a Wam-Wallet Suite which is accessible 24/7 via an API, a Cold-Wallet Suite is also offered with a wide range of tokens to be stored. The wallet-as-a-service solution is used by more than 35 customers from the finance, tokenisation and crypto sectors. Tangany’s customer base also includes regulated financial institutions. The company was awarded the prestigious FinTech Germany Award in 2020 and was determined as the test winner in the major crypto custodian test (commissioned by TiAM) in 2021. www.tangany.com